Ocean: A unique ownership opportunity in Perdido Key, Florida.

Overview:
Do you like the idea of owning a beachfront, fully appointed and professionally decorated condominium residence, at a fraction of the expected price? Do you like the idea of owning a vacation home in your favorite location but don't want the burden and cost of repairs and upkeep? If so, fractional ownership is for you.

The first of its kind at Perdido Key, fractional ownership at Ocean offers you the unique opportunity to purchase a deeded interest in a fully appointed, gulf-front condominium residence. This ownership allows you to enjoy six weeks of exclusive use per year; as well as club facilities, common areas in conjunction with the property, along with use of all amenities.

Benefits:

Enjoy premium quality design, furnishings, full features and amenities

Starting in the $200,000s per ownership interest, this gulf-front, professionally furnished, fully appointed condo is simply affordable

Part of the beauty of Fractional Ownerships is that they are completely hassle-free. In addition to having concierge services for personalized service at your convenience, you never have to worry about repairs, maintenance or housekeeping

Part of the easy living of fractional ownership at Ocean provides that the monthly association dues cover real estate taxes, property insurance, cleaning, furniture replacement, building & unit maintenance, upgrading of unit, concierge service, management service, ground-keeping, building upkeep, etc.

Fractional Ownership Facts:

One of the fastest-growing segments of the vacation-home market

New sales totaled $1.5 billion in 2005, up 42 percent from 2004

A recent study from Ragatz Associates, a resort industry research firm, confirms a 92% growth in fractional ownership in 2006

Fun facts about Perdido Key:
Its name means "Lost Island" in Spanish, but Perdido Key Beach has been discovered by visitors who enjoy its natural beauty and laid-back style. Perdido Key is a 247-acre barrier island near Pensacola on the Gulf of Mexico. Known for its miles upon miles of white, unspoiled beaches, Perdido Key has been consistently rated in the top 20 beaches in the country by Dr. Beach, a.k.a. environmental scientist Stephen Leatherman, Ph.D. In fact, 63 percent of this barrier island on Pensacola's western side is protected from development by the Gulf Islands National Seashore and the State of Florida. Gulf, bays, rivers, sounds, and the Intercoastal Waterway make vacationing in Pensacola a water wonderland.

FAQ:
Q. What is fractional real estate ownership?

A. In fractional real estate ownership, each owner is deeded an interest of a specific condominium residence, as well as club facilities and common areas associated with the property. Typically, decorations and furnishings come with the purchase price. Monthly association dues are assessed based on ownership. All other ownership concerns-- maintenance, repairs, furnishing replacements-- are taken care of by the property management company that is administered by a board of owners.

Q: What do the monthly association dues cover at Ocean?

A: Part of the easy living of fractional ownership at Ocean provides that the monthly association dues cover real estate taxes, property insurance, cleaning, furniture replacement, building & unit maintenance, upgrading of unit, concierge Service, management service, ground-keeping, building upkeep, etc.

Q. Fractional vs. Timeshare: What is the major difference?

A. Fractional ownerships are far more exclusive and luxurious, with amenities and services that far exceed that of timeshares. Fractionals typically offer six to thirteen weeks of vacation usage per year; while the standard timeshares average one to two weeks per year. At Ocean, there are eight shares of deeded interest per condominium unit, granting each fractional owner six weeks of exclusive use annually. With regard to financing, fractional ownerships are generally treated as second-home purchases by banks and mortgage companies; conversely, obtaining a loan for a timeshare can be difficult.

Q. How do fractional owners reserve the use of their residence?

A. Upon ownership establishment, owners will be given a calendar that specifies their reserved allocation that rotates for several years in advance. The rotation of allotted weeks each year provides owners equal and fair access to holiday and high-season periods. At Ocean, each ownership interest entitles the owner to six weeks of exclusive use per year; with two rotating consecutive summer weeks, along with four additional rotating weeks.

Q. Can fractional real estate owners rent their unused time?

A. Yes, owners have the opportunity to rent their allotted unused weeks either through a rental management company or on their own. Furthermore, unused time can be gifted or passed on to friends, family or associates.

Call us to find out more about fractional ownership and its benefits in Perdido Key. Don't miss out on this unique opportunity and this refreshing approach to owning quality, beachfront vacation real estate in this prime location.